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JENKINS v. DUGGER

No. 7558.

96 F.2d 727 (1938)

JENKINS et al. v. DUGGER.

Circuit Court of Appeals, Sixth Circuit.

May 10, 1938.

Attorney(s) appearing for the Case

J. R. Simmonds, of Johnson City, Tenn., and Collins Denny, Jr., of Richmond, Va. (Collins Denny, Jr., of Richmond, Va., and Simmonds & Bowman, of Johnson City, Tenn., on the brief), for appellants.

R. L. Taylor and J. H. Epps, Jr., both of Johnson City, Tenn. (Cox, Taylor & Epps, of Johnson City, Tenn., on the brief), for appellee.

Before HICKS, SIMONS, and HAMILTON, Circuit Judges.

HAMILTON, Circuit Judge.

The Appalachian Publishers, Inc., a Virginia corporation engaged in the business of publishing a newspaper at Johnson, Tenn., was adjudicated a bankrupt on March 12, 1934. On February 15, 1929, the bankrupt borrowed $100,000 through the Grace Securities Corporation of Richmond, Va., underwriter. The loan was evidenced by 7 per cent. serial bonds of varying denominations, payable at stated periods of two years or more, and secured by a lien...

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